Premium biscuit manufacturer Hill Biscuits completed a management buyout last month (April 18) for an undisclosed sum, after investment from UK private equity firm Lloyds Development Capital (LDC).
The deal would allow Hill Biscuits – makers of bourbons, custard creams and gingerbread men – to seek strategic acquisitions, and adopt new overseas sales strategies, it said.
Hill Biscuits md Steven Wetherby said: “Partnering with LDC will enable us to drive significant investment into the business for the benefit of our customers, adding greater production capacity and innovative new ranges, whilst staying focused on our core offering of quality, value for money products.
“LDC’s experience and track record in the sector made them an ideal fit for us. They also quickly understood our ambition for the business and shared our passion for growth. This unlocks a whole new future for a business with a fantastic history.”